When you're No. 2, you're always looking for ways to improve your stature. Freddie Mac's response has been to unveil Gold Rush, a program that allows lenders to make mortgage swap settlements overnight - three days faster than secondary market competitor Fannie Mae.

Freddie Mac unveiled Gold Rush at the 80th Annual Mortgage Bankers Association Conference in Chicago Oct. 26 to 28, and boasts that it will shave two days off the fastest loan swap now on the market - Fannie's Flash Major program.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.